Week In Review: ECB And RBNZ Rate Cuts
It was a week of Central Bank decisions with the Bank of Canada, RBNZ and the ECB being the main events of the week which saw two rate cuts and a neutral stance. The Bank of Canada decided to leave interest rates unchanged for this month’s meeting at 0.50%, opting instead to wait for the […]
Crude Oil- Hit 25-year Support, Attempting Breakout, Says Joe Friday
Two 25-year support lines in Crude Oil, based upon monthly closing prices both met at once price point last month. This reflected a zone where Crude Oil could bounce, after a historical decline over the past 18-months. In our humble opinion, Crude Oil remains one of the, in not “THE” most important commodity on the […]
New Stocks On Most Attractive And Most Dangerous Lists: March 2016
Recap from February’s Picks Our Most Attractive Stocks (+7.7%) outperformed the S&P 500 (+3.9%) last month. Most Attractive Large Cap stock Hyatt Hotels (H) gained 23% and Most Attractive Small Cap stock Asbury Automotive Group (ABG) was up 31%. Overall, 25 out of the 40 Most Attractive stocks outperformed the S&P 500 in February. Our […]
Fabulous Friday – Monday’s Gas Trade Made You $2,000 – You’re Welcome!
Have you been reading us all week? If you’ve been reading us longer than that, you know we LOVE Natural Gas at these low levels. Well, not so low anymore as Natural Gas Futures (/NG) have jumped 0.20 for the week, which pays $2,000 PER CONTRACT and not only did we feature it on Monday’s post but I discussed […]
Victory Lap Cancelled
Well, after an emotionally exhausting day Thursday, I figured we could actually enjoy a normal trading environment for a few days before Yellen on Wednesday. Nope. For no particular reason at all, the ES has roared off the “Draghi Disappointment” lows from yesterday: The last remaining hope at this point is that we have […]
Gold Price Lifted By ECB Easing Package, Oil, Copper Price Rally
At March meeting, ECB cut deposit, refinancing and margin lending rates among other expanded asset purchases and long-term refinancing operation (TLTRO). Risk buying emerged in selected assets after the event, although heightened market volatility resulted in some contradicting moves. In its economic forecast, the bank foresees oil price to average $34.9 per barrel in 2017. Both market fluctuation andeasing implications helped to boost gold price toward a resistance at […]
Investors Are Catching On: The ECB’s Move Reeks Of Desperation!
The European Central Bank met yesterday morning, and the expectation going in was that they need to do something drastic. In the past, ECB President Mario Draghi said they would do anything it takes, but ultimately disappointed. This time around, analysts expected a cut in interest rates, which were already negative, and an increase in […]
GBP/USD: Bull Pressure To Target The 1.4400 Level
GBP/USD: The pair remains biased to the upside on corrective recovery leaving risk of more strength on the cards. On the downside, support lies at the 1.4250 level where a break will turn attention to the 1.4200 level. Further down, support lies at the 1.4150 level. Below here will set the stage for more weakness […]
E The Daily Shot And Data – March 11, 2016
We start with the Eurozone where Mario Draghi indeed brought out the ECB “bazooka”. Source: nextquotidiano.it Here is what the central bank decided to do: rate cuts, expanded QE, buying corporate bonds, new TLTRO, etc. Source: @fastFT While this cut in the deposit facility was expected, the benchmark rate cut was new. The markets cheered, […]
